Charitable Giving Remained Strong in 2021, Report Says

Charitable giving in the U.S. reached a record $485 billion in 2021, though giving is not keeping pace with inflation, according to a report released this week by Giving USA. The Giving USA report says donations in 2021 were 4 percent higher than in 2020, but down 0.7 percent when adjusted for inflation. Many nonprofits… Read more »

IRS Promotes Tax Break for Year-End Charitable Giving

The Internal Revenue Service (IRS) partnered with Independent Sector and National Council of Nonprofits this week to draw attention to a special tax provision that allows more people deduct donations to qualifying charities on their 2021 federal income tax return. The pandemic-related provision allows married couples filing jointly to deduct up to $600 in cash… Read more »